Energy Storage News•about 11 hours ago
Tesla set to launch vehicle-to-grid programme in the US
Key Takeaway
Tesla's V2G launch in key US markets signals a significant shift towards leveraging distributed EV batteries for grid services, creating new revenue opportunities and impacting grid stability for developers and large power consumers.
AI Summary
- •Tesla is launching its first vehicle-to-grid (V2G) program in Texas, with plans to expand into California, signaling a major OEM entry into distributed grid services.
- •This initiative introduces a new, flexible source of distributed energy resources (DERs) from EV batteries, which can provide grid support and potentially impact wholesale energy and ancillary service markets.
- •For large power consumers with significant EV fleets, V2G programs offer a new revenue stream by monetizing vehicle battery capacity when not in use, enhancing demand-side management strategies.
- •The focus on ERCOT and CAISO indicates these markets are at the forefront of integrating advanced DERs, setting precedents for future policy and market design around V2G participation.
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